Stocks end in negative territory as Trump weighs blocking investments in China Stocks are closing out the week at their lowest levels since early September following a report that the U.S. is thinking about putting limits on investments in China. Bloomberg reported that Trump administration officials are discussing ways to limit U.S. investors’ portfolio flows into China and considering the possibility of removing Chinese companies' stocks from U.S. exchanges. The news sent the major indexes lower while also knocking down some of the most notable U.S-listed Chinese stocks, including Alibaba (BABA) and JD.com (JD). ECONOMIC EVENTS: In the U.S., durable goods orders were reported to rise 0.2% in August in the advance report. Personal income rose 0.4%, with spending 0.1% higher in August. The University of Michigan consumer sentiment report came in at 93.2 in the final September reading, up from a 92.0 preliminary figure and 3.4 points higher than last month's reading. In energy news, Baker Hughes reported that the U.S. rig count is down 8 rigs from last week to 860. On the trade front, CNBC reported that the White House is in the preliminary stages of weighing a block on all U.S. investments in China. The goal of such a block would be to protect U.S. investors, a source told CNBC. The news followed a report from Bloomberg that the Trump administration was considering delisting Chinese companies from American stock exchanges and putting a limit on U.S. government pension funds' exposure to the Chinese market. TOP NEWS: Shares of Micron (MU) were 11.1% lower despite the company reporting better than expected fourth quarter results after its first quarter guidance came in below consensus estimates. Of note, the company said that sales of its products to China's Huawei "were down meaningfully from the levels" it expected before the U.S.-China trade war. Commenting on the results, Barclays analyst Blayne Curtis said that while Micron's Q4 revenue was ahead of expectations, the focus going forward will be on its "disappointing" gross margin guidance. Meanwhile, Wells Fargo (WFC) shares rose 3.8% after the lender named Charles Scharf as its next CEO and president, as well as a member of the board, effective October 21. Scharf previously held the position of chairman and CEO of Bank of New York Mellon (BK). C. Allen Parker, who was appointed interim CEO in March, will continue to serve in his current role until Scharf joins the bank. Additionally, Emerson Electric (EMR) shares were 3.4% higher after Reuters reported that D.E. Shaw is building a stake in the company and intends to push for changes, including a possible break-up. MAJOR MOVERS: Among the notable gainers was Latam Airlines (LTM), which surged 31.1% in New York after Delta (DAL) agreed to spend $1.9B for a 20% stake in Latam. In addition, Delta will invest $350M to support the establishment of a strategic partnership between the two airlines. Also higher was Seattle Genetics (SGEN), which rose 4.6% after Goldman Sachs analyst Salveen Richter upgraded the stock to Buy from Neutral. Among the notable losers was Vivint Solar (VSLR), which slid 2.1% after short-seller Aurelius Value issued a cautious report on the company. Also lower was Progress Software (PRGS), which fell just over 7% after reporting quarterly results. INDEXES: The Dow fell 70.87, or 0.26%, to 26,820.25, the Nasdaq lost 91.03, or 1.13%, to 7,939.63, and the S&P 500 declined 15.83, or 0.53%, to 2,961.79. Symbols: $MU $WFC $BK $EMR $LTM $DAL $SGEN $VSLR $PRGSSource: (thefly.com)Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page.